Bank of China (Hong Kong)
Is Latest to Drop Andersen

HONG KONG -- Arthur Andersen lost a major Asian client Wednesday, when Bank of China (Hong Kong) Ltd. said it was ditching the firm for PricewaterhouseCoopers.

Such defections have been rare in Asia, but it comes on top of three more major defections Tuesday in the U.S., where the number of companies abandoning the beleaguered accounting firm has climbed to more than 150.